Many people believe that they do not have enough property or assets to draft a will. In the article, Dawes Legal, LLC, discusses the amount of property needed to create a will in Ohio.
First, Ohio law has no asset or property minimum requirement for creating a will. In fact, everyone should have a will. A will is very affordable and may be created even if you do not own real property and have few assets. It is advisable that you have a will, despite how much property you own. Having a will does make the probate process less costly and easier for your heirs.
The key purpose for having a will is to leave property to family and friends. A will may also dictate important aspects of your estate and a will also documents your choices with respect to your heirs upon your passing. In your will, you can designate a representative or “executor” in your will. A will also enables you to arrange custody of any minor children. Ohio courts do not automatically accept the will’s wishes regarding minor children. However, the declarations in your will regarding custody of minor children will strongly support your position.
Your will can also document with whom you want to care for your pets. A will is a powerful legal tool to help you transfer property after your death and helps to ensure your desires for your love are protected.
The requirements for a will in Ohio
You may draft a will on your own, but it is better for your protection to have a will drafted by an experienced Ohio Will Attorney. Ohio law requires that all wills meet special requirements to be legally valid. These include:
- The subject of the will must be of sound mind;
- The subject of the will must be at least 18 years old;
- The subject of the will needs to sign the will;
- The will needs to be committed to writing;
- Two people who will not gain from the will must witness the will.
- These factors are required in order for a will to be valid in Ohio. Our estate and probate attorney, Shannon Dawes, can assist you to understand the requirements and ensure that your will meets all of the requirements necessary to become valid in the state of Ohio.
Contact Dawes Legal, LLC, today to discuss creating a will for yourself or a family member. It is never too early to start this important process, and Attorney Shannon Dawes can walk you through every step. Schedule your consultation today by calling (614) 733-9999.